This significant revelation highlights the growing interest and investment in Bitcoin ETFs by major institutional players.

It reflects a broader trend in the financial industry. Let’s explore more about this important news for Bitcoin ETFs.

Institutional Interest in Bitcoin ETFs Surges

According to the report, Millennium Management reported owning a combined total of $1,942,591,163 in various Bitcoin ETFs. The breakdown of these holdings is as follows:

  • $844,181,820 in BlackRock’s iShares Bitcoin Trust.
  • $45,001,320 in ARK 21Shares Bitcoin ETF.
  • $44,737,805 in Bitwise Bitcoin ETF.
  • $202,029,915 in Grayscale Bitcoin Trust.
  • $806,640,303 in Fidelity Wise Origin Bitcoin Fund.

This disclosure follows a similar announcement by the State of Wisconsin Investment Board (SWIB). SWIB revealed its holdings of almost $100 million in BlackRock’s spot Bitcoin ETF (IBIT) and $62 million in Grayscale’s GBTC. The consecutive revelations by major investors signal increasing acceptance of Bitcoin ETFs.

Moreover, Bitcoin ETFs are perceived as a safer and more accessible way to invest in Bitcoin, particularly for institutional investors who prioritize regulatory compliance and risk management. The involvement of well-established financial firms such as BlackRock, ARK, Bitwise, Grayscale, and Fidelity further enhances the credibility and attractiveness of Bitcoin ETFs.

More About Bitcoin ETFs

In Q1-2024, the top holders of BTC ETFs emerged with significant holdings. This indicates a notable shift in institutional investment trends. Topping the list is Millennium Management, leading with holdings amounting to $1.8 billion. This is followed closely by Susquehanna with $1.1 billion.

Horizon Kinetics secured the third position with holdings totaling $989 million. Additionally, Bracebridge and Boothbay round out the top five with substantial holdings of $404 million and $303 million, respectively.



The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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